Category: News Wire

A closely-watched measure of consumer confidence says it returned to its Brexit vote low last month after the General Election.

Telecoms giant forced to pay Deutsche Telekom and Orange to settle claim relating to the sale of EE.

Barclays has reported an attributable loss of £1.2bn for the first half of the year, following one-off costs.

Amazon sales rose in the second quarter but profits plunged, as the e-commerce giant spent heavily in a bid to become the go-to shop globally for everything from food to television.

Metro Bank tabled plans to raise up to £278m through a share issue after experiencing “strong and accelerating organic lending growth”, which had propelled it to its fourth straight quarterly profit. 

The UK economy grew by 0.3 per cent in the three months to June – up from 0.2 per cent in the previous quarter, official figures show.

The two countries are conduits for 37 per cent of money heading to tax havens, most of which have strong links to Britain.

The government is today due to ban the sale of all new petrol and diesel-fuelled vehicles from 2040, in a bid to tackle air pollution.

TV has blamed a fall in advertising revenue on “ongoing economic and political uncertainty”.

“Unfair charges” levied on buyers of new-build houses could be banned in England under a proposed crackdown, reports The BBC. Leaseholds on new-build houses would be outlawed, while ground rents could be dramatically reduced, under government plans subject to public consultation. Ground rents can double every decade, crippling home owners and in some cases making […]

One of America’s best-known fashion retailers has agreed to take over luxury shoe brand Jimmy Choo in an £896m deal, reports Sky News. Michael Kors, the New York-listed chain, said on Tuesday it was “the ideal partner” for Jimmy Choo, famous for its stiletto shoes and accessories. Several buyers were in the race and mulling […]

Head of Commons business committee Rachel Reeves aims to question courier executives and their workers on the gig economy. Uber and Deliveroo and other representatives of the “gig economy” face fresh inquiries by British MPs, which will involve their senior executives being grilled by a parliamentary committee over the companies’ working conditions, reports The Guardian. Rachel Reeves, […]

The rapid growth of premium drinks brand Fever-Tree shows no sign of slowing as the posh tonic maker upgraded its profits forecasts following a 77 per cent spike in revenues, reports The Telegraph. Fever-Tree’s share price has now increased by more than 1000pc since it listed in late 2014 as the company has capitalised on the […]

Senior Asda sources have dismissed reports that the supermarket chain is planning a £4.4 bn takeover of discount retailer B&M.

Mobile operator retains naming rights to venues in 13 cities for next 10 years in deal with owners Live Nation and AMG.